Farm Ireland
Independent.ie

Wednesday 19 September 2018

Dairygold and LacPatrick set May milk prices with nearly 2c/L difference

Margaret Donnelly

Margaret Donnelly

Both Dairygold and LacPatrick have announced their May milk prices with a difference of almost 2c/L between the two processors.

Dairygold will pay its milk suppliers 32c/L inclusive of 0.5c/L quality bonus and VAT, based on standard constituents of 3.3pc protein and 3.6pc butterfat (for May deliveries), which is an increase of 1.0c/L on April base milk price.

It also announced that the special weather/fodder relief payment of 1c/L no longer applies.

It paid 31c/L (inclusive of 0.5c/L quality bonus and VAT) for April supplies, which in turn was a reduction of 1.0c/L on its March base milk price.

LacPatrick

Meanwhile, the board of LacPatrick Dairies met today and set a price for May milk.

Suppliers in Northern Ireland will receive a base price of 26p/litre for milk supplied in May.

Suppliers in the Republic of Ireland will receive a base price of 30.25c/L for milk supplied in May.

It paid its suppliers in the Republic of Ireland 32c/L (including VAT) for milk supplied in April, while its suppliers in Northern Ireland received a price of 26.5p/l. This price for April milk was made up of a base price of 25p/L with a top-up of 1.5p/L.

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Last week Glanbia announced that it would pay its suppliers a base price of 29c/L, holding its April price.

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